So much so Trudeau wants to surtax the banks
https://finance.yahoo.com/news/trudeau-targets-big-canadian-banks-204135340.html
(Bloomberg) -- Prime Minister Justin Trudeau took a populist turn in Canada’s election campaign, pledging to impose a 3% surtax on the nation’s big banks and insurers.
At a campaign stop in Vancouver, the leader of the governing Liberals promised to hike the corporate income tax rate by three percentage points on profit over C$1 billion ($793 million) at financial institutions. The measures, which would bring the rate to 18% from 15% currently, are expected to generate C$2.5 billion for government coffers over the next four years, starting in 2022, according to a party news release.
https://finance.yahoo.com/news/trudeau-targets-big-canadian-banks-204135340.html
(Bloomberg) -- Prime Minister Justin Trudeau took a populist turn in Canada’s election campaign, pledging to impose a 3% surtax on the nation’s big banks and insurers.
At a campaign stop in Vancouver, the leader of the governing Liberals promised to hike the corporate income tax rate by three percentage points on profit over C$1 billion ($793 million) at financial institutions. The measures, which would bring the rate to 18% from 15% currently, are expected to generate C$2.5 billion for government coffers over the next four years, starting in 2022, according to a party news release.